Nibe Ltd shares rose 4% in Monday’s trade after the company announced a key strategic collaboration with Israel-based defence technology firm Elbit Systems Land Limited. The two companies signed a technical collaboration agreement on July 26, 2025, marking a major step forward for Nibe’s defence manufacturing ambitions. As of 10:30 AM, the shares were trading 3.84% higher at Rs 1,727.00.
The agreement involves the transfer of license and technology for Elbit’s Precise & Universal Launch System (PULS), a high-range artillery rocket system capable of targeting threats up to 300 km away. As part of the deal, Elbit will provide Nibe with critical know-how and licensing rights to manufacture, assemble, and integrate the PULS system in India.
This collaboration will enable Nibe to establish a local manufacturing setup for the rocket system, contributing to the Indian government’s “Make in India” and defence indigenisation goals. The financial terms of the agreement are expected to be finalised within 45 days.
Importantly, this is a strictly international partnership between two independent companies. Nibe clarified that neither its promoter group nor affiliates have any stake or interest in Elbit Systems, ensuring full compliance with SEBI’s disclosure regulations.
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